Very strange considering we had a shareholders meeting to adopt the Australian takeover provisions to protect us from a large shareholder. Below is the excerpt from the corporate update 9th sept 2015 and was approved at a subsequent meeting.
Adoption of Chapter 6 of the Corporations Act provides protection to all shareholders by ensuring that acquisition of an interest in 20% or more of Axiom's issued capital proceeds only in accordance with permitted acquisition methods (e.g. through a compulsory offer for all shares).
This will ensure that all shareholders share in any ‘premium for control’, which may be paid by a potential acquirer.
Axiom intends to convene a general meeting shortly to seek shareholder approval for this change.
